NFT Aggregator Vaults
The user can stake Partner and/or Treasure Hunt Prize NFT in NFT Aggregator Vaults for staking rewards.
Workflow:
The user stakes the NFT
NFT goes to Pi Protocol Staking Contract
Pi Protocol Staking Contract will sell X amount of tokens based on Assigned NFT Value into BNB
Pi Protocol Staking Contract buys CAKE/BNB pair with BNB
Pi Protocol Staking Contract stakes CAKE/BNB pair on Pancakeswap Farms
The user does not have to stake on Pancakeswap because Pi Protocol Staking Contract stakes on the user’s behalf and “lends” the money needed to buy the CAKE/BNB pair to provide free rewards to the user.
If the user decides to unstake or withdraw the NFT from the NFT Aggregator Vaults, the following steps will happen:
Pi Staking Contract unstakes CAKE/BNB pair on Pancakeswap Farms
Pi Staking Contract sells CAKE/BNB pair to BNB
Pi Staking Contract buys PI Token using BNB
The user gets back the NFT and additional staking rewards from CAKE/BNB staking
The Assigned NFT Values are:
DeFi Magic Partner NFT: 60 PIP tokens
BitCircle NFT: 60 PIP tokens
Treasure Hunt NFT: 200 PIP tokens
TCG World: 250 PIP tokens
Does Every User Need to Compound on the NFT Aggregator Vaults?
No, someone in Pi Protocol team will do that daily.
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